facebooktwitterRSS
- Advertisement -
- Advertisement -
 

« News Home

YBI will have press conference



Published: Thu, January 10, 2013 @ 12:00 a.m.

Staff report

youngstown

The Youngstown Business Incubator is expected to share the results of two independent studies that demonstrate its far-reaching economic impact in both the Mahoning and Shenango valleys at a press conference this morning at 10 a.m. at YBI.

As the economy moves forward from the Great Recession of 2007-08, economists have pegged the technology sector as a leading growth factor in a way that military spending helped the economy after the Great Depression that started in 1929.

Though it was first established in 1995 as a mixed-use incubator, in 2000 the YBI switched exclusively to fostering information-technology companies in a “managed cluster” that does not graduate companies but rather retains their skills and expertise to help grow the remaining companies in its fold.

As a result, the YBI has achieved success in recent years that has garnered national attention and helped to establish the city and surrounding area as a place for blossoming software and high-tech companies to operate in a competitive and low-cost environment.

The YBI commissioned Prodigal Media of Boardman to conduct a brand assessment aimed at identifying its strengths. Prodigal’s research, pulled from focus groups, online surveys and local business officials, is expected to show that YBI has proved itself as a broad “catalyst for change in the community,” according to a Wednesday press release.

Likewise, YBI already has released an entirely separate study, conducted by Cleveland-based Kleinhenz & Associates, that shows the incubator’s Northeast Ohio clients have created or supported 610 new jobs, generated outside sales of $76 million and provided wages or labor income of $23 million.


Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.

News
Opinion
Entertainment
Sports
Services
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes